U.S. inflation · 2020–2024
$100 in 2020 has the same buying power as
$121
in 2024
| Cumulative price change | 21.2% |
|---|---|
| Average inflation rate | 4.93% per year |
| Converted amount ($100 base) | $121 |
| Price difference ($100 base) | $21.20 |
| CPI in 2020 | 258.811 |
| CPI in 2024 | 313.689 |
| Inflation in 2020 | 1.23% |
| Inflation in 2024 | 2.95% |
| $100 in 2020 → 2024 | $121 |
| $100 in 2024 → 2020 | $82.51 |
Between 2020 and 2024, the Consumer Price Index went from 258.811 to 313.689. Cumulatively, prices increased 21.2%, which works out to an average of 4.93% per year. Put differently, a dollar in 2020 bought what $0.83 buys in 2024.
| Amount in 2020 | Value in 2024 |
|---|---|
| $1.00 | $1.21 |
| $5.00 | $6.06 |
| $10.00 | $12.12 |
| $20.00 | $24.24 |
| $50.00 | $60.60 |
| $100 | $121 |
| $500 | $606 |
| $1,000 | $1,212 |
| $5,000 | $6,060 |
| $10,000 | $12,120 |
| $100,000 | $121,204 |
| $1,000,000 | $1,212,039 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2020 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 2020 → |
|---|---|---|
| All items (CPI-U) | 4.93% | $121 |
| Energy | 9.15% | $142 |
| Transportation | 7.68% | $134 |
| Food | 5.44% | $124 |
| Housing | 5.30% | $123 |
| Core (all items less food & energy) | 4.48% | $119 |
| Recreation | 3.11% | $113 |
| Apparel | 2.72% | $111 |
| Medical care | 2.10% | $109 |
| Education & communication | 1.01% | $104 |
| Year | CPI | Inflation rate | $100 from 2020 |
|---|---|---|---|
| 2020 | 258.811 | 1.2% | $100 |
| 2021 | 270.97 | 4.7% | $105 |
| 2022 | 292.655 | 8.0% | $113 |
| 2023 | 304.702 | 4.1% | $118 |
| 2024 | 313.689 | 2.9% | $121 |
MLA: “Inflation from 2020 to 2024: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2020-to-2024/
APA: InflationCalculator.com. Inflation from 2020 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2020-to-2024/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.